Wednesday’s Forum

FILED UNDER: Open Forum
Steven L. Taylor
About Steven L. Taylor
Steven L. Taylor is a Professor of Political Science and a College of Arts and Sciences Dean. His main areas of expertise include parties, elections, and the institutional design of democracies. His most recent book is the co-authored A Different Democracy: American Government in a 31-Country Perspective. He earned his Ph.D. from the University of Texas and his BA from the University of California, Irvine. He has been blogging since 2003 (originally at the now defunct Poliblog). Follow Steven on Twitter

Comments

  1. OzarkHillbilly says:

    Investors have wiped $126bn (£100bn) off Tesla’s value amid concern that Elon Musk may have to sell shares in the electric carmaker to fund his personal contribution to his $44bn acquisition of Twitter.

    Tesla stock has been targeted despite the company not being involved in the bid but Musk, its chief executive and largest shareholder, is part-funding the Twitter deal with $21bn of his own equity and a further $12.5bn loan secured against his Tesla stake.

    The 12.2% drop in Tesla’s shares on Tuesday equated to a $21bn drop in the value of his Tesla stake, equal to the cash stake he committed to the Twitter deal.

    Ooopps.

    Twitter’s shares also slid on Tuesday, falling 3.9% to close at $49.68, even though Musk agreed to buy it on Monday for $54.20 a share in cash. The widening spread reflects investor concern that the precipitous decline in Tesla’s shares, from which Musk derives the majority of his $239bn fortune, could lead the world’s richest person to have second thoughts about the Twitter deal.

    So being an obvious flake isn’t good for investor confidence?

    As part of the Tesla deal, Musk also took out a $12.5bn margin loan tied to his Tesla stock. He had already borrowed against about half of his Tesla shares. The University of Maryland professor David Kirsch, whose research focuses on innovation and entrepreneurship, said investors started to worry about a “cascade of margin calls” on Musk’s loans.

    Not that there is anything analogous between Enron and Tesla (to the best of my knowledge anyway), but among the many things that put Ken Lay between a rock and a hard place was margin calls on loans he took out on his stock. musk would do well to tread carefully.

    5
  2. Jen says:

    Madison Cawthorn tried to bring a loaded gun through airport security. There really must be some kind of contest going on in the Republican caucus as to who can be the biggest idiot.

    Another case of voter fraud in New Hampshire. Anyone want to guess what he’s registered as?

    1
  3. OzarkHillbilly says:

    @Jen: I read yesterday (at Popehat?) that this was the 3rd or 4th time he’s done that. It’s not unusual in such cases, but he has yet to face any legal consequences. Maybe a person so serially cavalier with firearms should. As Jim Wright says, there are no accidents with firearms, only negligence.

    2
  4. CSK says:

    @Jen:
    It’s actually the second time in about 15 months Cawthorn has pulled this stunt. The first time, the gun was unloaded. This time, he upped the ante with a loaded gun. Next month he has to go to court for driving with a revoked license.

    Obviously he’s trying to prove that he’s tough. What do laws matter to tough guys like him?

    3
  5. OzarkHillbilly says:

    Hold on to your sprinkler heads Californians:

    “Due to the depth and duration of the current drought, Metropolitan cannot meet normal demands in the SWP dependent area with existing resources,” officials said in a document outlining the action, which targets “non-essential uses” that tax the declining water supply.

    Metropolitan, a water wholesaler, left many of the enforcement details up to member agencies, which act on more of a local level. Cities and water suppliers can opt out of the one-day rule, but must find appropriate solutions to curb water consumption and meet monthly reduced goals. If not, they could face steep fines from the water district.

    The move follows a reduction in deliveries from the State Water Project, as California braces for its third devastatingly dry year. With conditions only expected to worsen in the coming hot, dry, summer months, the state is expecting the water supply to be strained further. Following the driest start of the year on record for precipitation, state officials announced last month that they were cutting allocations from 15% to 5%.

    Meanwhile, the state’s snowpack – now at just 35% of normal for this time of year – is quickly disappearing. More than 95% of the state is experiencing severe drought according to the US drought monitor.

    Warming temperatures have exacerbated the conditions, spurring drying and “shifting the historical relationships between temperature, precipitation, and runoff”, officials said.

    “We are seeing conditions unlike anything we have seen before,” Adel Hagekhalil, the district’s general manager, told the Los Angeles Times. “We need serious demand reductions.”

    I don’t see things getting better anytime soon.

  6. sam says:
  7. Sleeping Dog says:

    Somethings never change.

    Last evening, I was going through some photo archives and came across a picture of Johnny Cash with Vivian Liberto. Curious to know who she was (I didn’t know she was his first wife), I googled her. A Wikipedia page came up that had this bit of information.

    Thunderbolt Newsletter Incident
    In 1965 Vivian’s husband Johnny Cash was arrested in Texas for possession of hundreds of amphetamine pills and bringing drugs into the United States across the Mexican border. Though both spouses had been estranged for the past three years, Vivian flew out to El Paso, Texas to accompany Cash to his court hearing.[13] A widely circulated black and white photograph of them leaving the courthouse together was purposefully darkened and distorted by The Thunderbolt, a racist newsletter published by KKK leader J.B. Stoner and distributed by the White supremacist National States’ Rights Party. The headline of the article read “Arrest Exposes Johnny Cash’s Negro Wife.” In response to the article in The Thunderbolt, Johnny Cash hired Nashville lawyer Johnny Jay Hooker and threatened a 25 million dollar lawsuit against the KKK. However the incident soon faded and there was no impact on Cash’s career at the time.[14]

    Nearly two years later the KKK burned a cross on Johnny Cash’s lawn due to vocal criticisms of the United States treatment of Native Americans[3][15] and his association with hippie counterculture figures including Bob Dylan. The KKK also reignited their racist hate campaign. Vivian and Johnny Cash received both hate mail and death threats. Flyers were distributed at Johnny Cash’s concerts by Citizens United urging people to call a phone number where a reading of the Thunderbolt article played and declared, “the race mixers of this country continue to sell records to your teenage children.”[16] Saul Holiff, Johnny Cash’s manager met with Robert Shelton Grand Wizard of the Ku Klux Klan and threatened a $200,000 lawsuit for harassment. Saul also contacted national and local newspapers to correct the story including a well received article in the New York Post[14] Vivian Cash’s genealogy was professionally traced. They included Vivian’s designation as White on her marriage certificate, a list of the Whites-only schools she had attended and letters from close associates. The legal validation of her race as Caucasian enabled Johnny Cash to be booked once again in the South.[17]

    The article went on to detail that Liberto had a Black ancestor, the result of a slave holders rape of a slave.

    On the Right the tactics don’t change, they just get applied to new circumstances.

    3
  8. OzarkHillbilly says:

    @sam: Love it.

  9. CSK says:

    Marjorie Taylor Greene told a group of ultra-right-wing Roman Catholics that their church is run by Satan–and they loved it.

    http://www.salon.com/2022/04/27/marjorie-taylor-greene-to-right-wing-catholic-site-how-come-god-hasnt-destroyed-america/

  10. OzarkHillbilly says:

    On 11 April the Federal Aviation Administration concluded its investigation into the incident and determined that Jacob had crashed his 1940 Taylorcraft BL-65 as a stunt, saying, “On November 24, 2021, you demonstrated a lack of care, judgment, and responsibility by choosing to jump out of an aircraft solely so you could record the footage of the crash.”

    The FAA justified its conclusion by pointing out the fact that Jacob had attached multiple cameras to the outside of his plane, including a camera pointed in the direction of the propeller “in order to record video footage of the outside and inside of the plane during the flight.”

    Other pieces of evidence the FAA cited included the sport parachute backpack container that Jacob put on before the flight, his opening the left side pilot door before claiming that the engine had failed, his failure to contact air traffic control on the emergency frequency before jumping out the plane and his lack of attempts to restart the engine by increasing airflow over the propeller.

    The FAA also said that Jacob did not make any attempts to search for safe areas to land, even though “there were multiple within gliding range” in which he could have made a safe landing, and that he jumped out of the plane while holding a camera attached to a selfie stick and continued to record the plane during his descent.

    Additionally, the agency found that Jacob had recovered then disposed of the plane wreckage, as well as recovered the cameras that he had attached to the plane before the flight.

    As a result of its findings, the FAA has revoked Jacob’s pilot license and informed him in a six-page letter that if “you fail to surrender your certificates immediately, you will be subject to further legal enforcement action, including a civil penalty of up to $1,644.00, for each day you fail to surrender it”.

    In response to the letter, Jacob posted a video on YouTube on Saturday, saying, “I didn’t think that just posting a video of an adventure gone south would ruffle so many feathers….. The aviation community has been pretty tough on me, so I’m thinking about quitting altogether and giving up, just because I’m hated,” he added, while filming himself on his way to the post office to mail his pilot’s license.

    Pobrecito…

    1
  11. OzarkHillbilly says:

    @Jen: @CSK: Well well well… It appears the 3rd time (or 4th or maybe only the 2nd) is a charm:

    The far-right North Carolina Republican congressman Madison Cawthorn is facing a misdemeanor criminal charge after police at an airport in his home state said they found a gun in his bag Tuesday.

    Police at Charlotte Douglas international airport handed Cawthorn, 26, a municipal citation accusing him of possessing a dangerous weapon on city property, officers said in a statement.

    Police didn’t arrest Cawthorn, instead essentially issuing him a ticket summoning him to return to court at a later date to answer to the weapon charge. They also confiscated the gun.

    I guess there is no 2nd Amendment in Charlotte, NC (s//):

    A municipal law in Charlotte, the largest city in North Carolina, prohibits people from possessing guns on airport and other property owned by the city government.

    3
  12. CSK says:

    @OzarkHillbilly:
    No doubt Cawthorn will seize this opportunity to complain loudly that the leftists are denying him his God-given Second Amendment rights.

    Hard to believe this little twerp got elected to anything.

  13. OzarkHillbilly says:

    @CSK: He’s a victim of coicumstance!

    1
  14. OzarkHillbilly says:

    On a balmy day in early October, I found an aged polo pony named Abuelita panting in a locked stall, her matted hair bearing the mark of the saddle that had recently been on her, a gash across her cheek. Her legs were trembling from exhaustion, her eyes sunken from dehydration, her ribs pushing through her coat.

    It was my third week riding at the private farm of a Connecticut-based polo player, a property I’d landed at when my arena polo club closed during the pandemic, leaving me without the hobby that had proved an unlikely medicine for my chronic insomnia. Desperate to keep up the riding that tempered my anxiety, but operating on a freelance writer’s salary, a fellow rider cautiously suggested that I contact a man that we’ll call Roger, a horse flipper and polo professional who had more horses than he could ride.

    Roger had a problem with the bottle, my friend warned, but a fantastic eye for horses. I called him and visited his property. It was storybook bucolic: stone walls, red oaks, and a pasture full of polo mounts. We worked out a deal where I’d pay a flat fee every month to ride as often as I liked.
    ……………………..
    When October hit and the east coast polo season ended, things started to unravel. By the time I found the injured mare locked up without food or water, Roger’s drinking had reached a Bacchanalian level and he was feeding the horses erratically in between blackouts.

    The hay supply had dwindled to several dusty bales and the pipes froze after an early frost, making it impossible to get water to the animals. The farrier who was supposed to rid the horses of their summer shoes never materialized; neither did the groom that Roger claimed he’d hired to cover his increasingly long absences.

    What was supposed to be a low-stakes place for me to blow off steam had become a boiler room of stress, but as a middle-aged, amateur rider with more expertise in word processing than animal rescue, I wasn’t sure what to do. I badgered Roger, begged and threatened, decreased what I was paying him. None of this convinced him to buy groceries for his animals.

    I lost track of who needed saving. The horses? Roger? Me?
    ……………………………
    In her poetry collection, Teaching My Mother How to Give Birth, the Somali British writer Warsan Shire writes, “You think I’ll be the dark sky so you’ll be the star? / I’ll swallow you whole,” a sentiment that sums up the shift in my attitude toward Abuelita after I learned about her past. I’d thought I was being generous by rescuing this mare, but my generosity had come with expectations that she would become “nice”. What reason did this poor horse have to be nice? And what kind of generosity comes with expectations? If generosity comes with an agenda, isn’t it a bribe?

    Four months into our partnership, Abuelita has put on hundreds of pounds. She’s barefoot (which means she has no horseshoes on) and her improved circulation has her coat shining a fiery red instead of the dull, doorknob-brown she was when I first found her. Though I can’t speak for her, she expresses the running and bucking and playing and whinnying of a happy horse.

    I look back now and cheer for the old lady mare ready to defend her access to food and water with her life, who kicked me when I tried to dress her facial wound because she thought that I was coming for her hay.

    At a healthy weight now with her energy restored, Abuelita is more than rideable –she’s a pleasure under saddle if you survive tacking her up. But I don’t feel comfortable imposing my desires on her. It feels like an act of sisterhood to just let her be a horse.

    Go read the whole, it won’t take long.

    3
  15. CSK says:

    @OzarkHillbilly:
    Donny Junior and Madison will be headlining at the Utah Freedom Festival on June 17 and 18. I’m sure Madison will speak of the abrogation of his rights.

  16. JohnSF says:

    @CSK:
    Reading about those Church Militant folks brings to mind a comment by an Anglican priest (only partly joking):

    “Religious liberty is all very well, but sometimes I think a good old fashioned heresy trial wouldn’t go amiss.”

    3
  17. Beth says:

    @CSK:

    The thing about reactionary Catholics (and Jews) is that they seem to think they have a seat at the table ready for them when the Evangelicals take over. The are so deluded that they don’t get that they’ll be next.

    5
  18. OzarkHillbilly says:

    @CSK: Nothing screams marathon of grievance like “Utah Freedom Festival”.

    4
  19. Jen says:

    I just saw someone on Twitter refer to Tucker Carlson’s testicle tanning devices as “scrotiseries” and I cannot stop laughing.

    8
  20. CSK says:

    @Beth:
    I think they believe that their shared politics will exempt them from retribution–and they may be right. Look at the way fundamentalists have eagerly embraced Donald Trump, despite his sexual transgressions.

    1
  21. Kathy says:

    Shermer makes a good case in his lecture series that much of what gets people to believe in conspiracy theories is related to flaws and faults in cognition. Too much is involved to get into it, and I wasn’t taking notes while listening and driving. What gets me is why presenting evidence to the contrary doesn’t suffice to get such people to change their minds.

    I’ve never believed any conspiracy theories at all. Oh, I thought some UFO reports did show aliens here and there, but not that there was a global conspiracy to keep this hidden. Looking back, I always turned to evidence of some sort, or wanted evidence presented.

    Here’s a little-known conspiracy theory: the Titanic couldn’t have been sunk by an iceberg, because steel is stronger than ice.

    Ok, but then why all the warnings about ice in the shipping lanes Titanic and other ships along the transatlantic routes? Not to mention many well documented cases of ships having been damaged, some sunk, after colliding with icebergs.

    Things like that.

  22. MarkedMan says:

    @Kathy: Flour is softer than a skull, but if I drop a five hundred pound bag on your head, see how you like it.

    Clever “gotchas” are often just a waste of time.

    1
  23. CSK says:

    @Kathy:
    This reminds me of all those idiotic “false flag” theories, such as the shooting at Sandy Hook Elementary School didn’t really happen; it was staged to bring about gun confiscation and all the participants were “crisis actors.” Yeah, right. All the dead kids and teachers were crisis actors, plus the grieving friends and relatives, the survivors/witnesses, the cops, the EMS, the hospital personnel, the funeral home staff, the ministers, rabbis, and priests who officiated at the funerals, the reporters…

    Hundreds and hundreds of crisis actors, none of whom ever broke the vow of secrecy they took.

    2
  24. Sleeping Dog says:

    @OzarkHillbilly:

    The Washington Examiner (the Examiner!), had a piece up yesterday that Cawthorn is being looked at for possible insider trading in a pump and dump scheme around crypto currencies.

    1
  25. CSK says:

    @Sleeping Dog:
    The Examiner also reported on his gun escapade. I think they might not be excessively fond of him.

    He’s like a malevolent frat boy, isn’t he?

    2
  26. Mike in Arlington says:

    @CSK:
    @Kathy:
    Honestly, I suspect that a large element of why people believe in conspiracy theories is because they want to.

    The more cynical use them as an excuse to “fight dirty”. e.g. There’s a liberal media bias, so we’ll create a media arm that has an explicit republican/conservative agenda. Or any of the blood libels used to justify violence perpetrated against Jewish people throughout the centuries.

    Other people look for others to blame for their circumstances (similar to the above one), e.g. it’s an outside force that’s causing the problems.

    Others are looking to comfort themselves. e.g. you’re not stupid, you figured out the conspiracy! The people who don’t believe that the moon is made of Styrofoam are the real idiots.

    Obviously there’s a mixture of the three and they all play on one another.

    Some of them sorta know it’s BS, but there are some true believers out there, and I suspect that they buy into it because they feel powerless and have a very poor understanding of how things work.

    2
  27. CSK says:

    @Mike in Arlington:
    I would only add to what you said by noting that believing in a conspiracy makes the believer feel important, as if he or she is privy to something significant.

    2
  28. Kathy says:

    @CSK:
    @Mike in Arlington:

    If you’re interested in such things, I do recommend Shermer’s lecture course. The downside is that it’s one of those Audible originals short(er) Great Courses series, so it lacks an accompanying PDF. That would have been a good thing to have for the conspiracy theory detection kit (he credits Sagan for his baloney detection kit from The Demon Haunted World).

    BTW, the objection that no one among dozens, hundreds, thousands, and even hundreds of thousands, of people involved never said anything publicly about it, never blew a whistle, and never even slipped up, is “explained” by the assumption that all-powerful groups are all-powerful. they can keep all these myriads of people quiet.

    I was rolling my eyes as I wrote that.

  29. CSK says:

    @Kathy:
    I prefer Ben Franklin’s wisdom on the topic: “Two can keep a secret if one of them is dead.”

    3
  30. JohnSF says:

    An interesting comment from a Ukrainian soldier that relates to Elon Musk:

    “I want to say one thing: @elonmusk’s Starlink is what changed the war in #Ukraine’s favour. #Russia went out of its way to blow up all our comms. Now they can’t. Starlink works under Katyusha fire, under artillery fire. It even works in Mariupol.”

    Though, I’ve also heard that, though Starlink provided the units at cost, the actual cost was paid by the US government.
    The details, as with a lot of things Musky, are disputed.

    4
  31. Sleeping Dog says:

    @CSK:

    Yes, young Madison is not popular and in corners of the conservative world. There seems to be more active dislike for him than MTG or Brobert. The only thing that will save him in the primary will be the number of other R’s running.

    1
  32. Kurtz says:

    @JohnSF:

    Maybe this has been discussed here, and I missed it.

    I recently mentioned that Musk’s attempt to take Tesla public turned sour when the head of Saudi Arabia’s PIF made public statements that Musk claimed were contrary to what they said to him and his team privately.

    I also read that Musk and Gates had a meeting set up to discuss the former contributing to the latter’s climate change investment fund.

    Gates texted Musk that he had just landed. Musk replied, “cool.” But then, Musk asked if Gates still had a $500m short position in Tesla. Gates replied that he hadn’t closed his position out. Musk canceled the meeting because to him, he couldn’t take Gates seriously because he shorted the company doing more than anyone else to fight AGW.

    Am I right to think that these actions reveal hypocrisy on Musk’s part?

    Re: the Sauis, dude was totally fine partnering with a regime that isn’t exactly known for its classical liberal stances on markets and free speech, but soured on them because they embarrassed him publically.

    Re: Gates, on one level, it just seems like pettiness. But on another, it seems like Musk doesn’t actually GAF about AGW unless it feeds his own company. And I can’t help but think that part of it may be that he doesn’t want to fund potential competitors even though one of the key bases for free markets is that competition benefits firms.

  33. Mu Yixiao says:

    Florida bans ranked choice voting.

    Senate Bill 524 specifically said it was “prohibiting the use of ranked-choice voting to determine election or nomination to elective office; voiding existing or future local ordinances authorizing the use of ranked choice voting.”

  34. just nutha says:

    @OzarkHillbilly: Indeed! If Tesla stock loses enough value, he may find himself unable to raise the money at all, but I don’t know details and limits about margins for borrowing against equity to purchase assets.

  35. just nutha says:

    @Jen: Democratic-Farmer-Labor?
    [buzzer]
    Rats! 🙁 Do I get another chance?

    1
  36. OzarkHillbilly says:

    @Sleeping Dog: Why am I not surprised? He’s like the spoiled little rich kid who always got away with everything because Mommy and Daddy kept bailing him out. Dagnabbit… some lawyer coined a term for it and I’m brain farting on it.

    AFFLUENZA! That’s it.

  37. Kathy says:

    @CSK:

    Joe, a hardcore conspiracy theorist, dies and goes to heaven. There he meets God, who tells him he can ask Him one question.

    Joe asks, “Who really killed JFK?”

    God answers, “Lee Harvey Oswald.”

    “Damn!” Joe says “This goes higher than I thought!”

    Stolen from Shermer’s lectures.

    1
  38. OzarkHillbilly says:

    @JohnSF: Yeah, musk has done a good thing or 2. But every time he blows his own horn (a little too loudly for a little too long) for doing a good thing, I can’t help but wonder what his original motivation in doing it was. And every time he does something that goes awry or makes him look like a fool, he lashes out.

  39. just nutha says:

    @JohnSF: There ARE problems that can be solved with violence. You just don’t want me deciding which one’s they are. 🙁

  40. just nutha says:

    @Beth: Surely you’re not suggesting that Evangelicals would betray brothers and sisters in the faith? [horrifyingly shocked face (with head exploding) emoji]
    [eye roll]

  41. JohnSF says:

    @just nutha:
    But sometimes only if you have the element of surprise

  42. just nutha says:

    @CSK: The omerta rules of the gun-confiscation mafia makes the real Mafia look like a church social. Nothing else explains it.

  43. JohnSF says:

    just nutha:
    It’s possible I’m mistaken on this, but I think heresy is still an offense under Canon Law in England, which the Ecclesiastical Courts (aka the Court of the Arches) can try.
    But any civil or criminal punishment would be subject to appeal to the Privy Council (or maybe now English Supreme Court?).
    No cases have actually been brought since the 19th Century; and in effect heresy is now determined by Convocation, with the only penalty being excluded from the Church, and no longer being invited to the vicarage tea party.

  44. JohnSF says:

    just nutha:
    It’s possible I’m mistaken on this, but I think heresy is still an offense under Canon Law in England, which the Ecclesiastical Courts (aka the Court of the Arches) can try.
    But any civil or criminal punishment would be subject to appeal to the Privy Council (or maybe now English Supreme Court?).
    No cases have actually been brought since the 19th Century; and in effect heresy is now determined by Convocation, with the only penalty being excluded from the Church, and no longer being invited to the vicarage tea party.

  45. CSK says:

    @just nutha:
    Oh, quite so. Just like the Boston Marathon Bombing was a sinister Obama-engineered plot to get us all used to living under martial law.

  46. JohnSF says:

    There’s been considerable reporting of Russia cutting gas supplies to Poland and Bulgaria.
    Something less reported that I picked up on in related news:
    Germany has been rapidly reconfiguring it’s oil imports and usage; Russian oil is now down from about a third before the war to 12% and still falling.

    The main user remaining in Germany is the Schwedt oil refinery complex.
    This is directly linked to the Druzhba pipe, and owned by Rosneft.
    And is refusing to stop using oil from that pipeline, saying it will shut down rather than switch sources.
    Which would result in major shortages in NW Germany, including shutting down Berlin airport.
    So the German government is passing legislation to expropriate Schwedt if Rosneft continues to balk.
    And has struck a deal with Poland to connect Schwedt to the Plock pipeline to Gdansk terminal, enabling Schwedt to run on tanker oil shipped to Gdansk, while the smaller pipeline to Rostock tanker terminal is upgraded.

    In other words: Germany is now nearly in position to go to zero on Russian oil.

    This is very significant.

    5
  47. OzarkHillbilly says:

    @JohnSF: Very significant. I said not too long ago that I thought Putin screwed up by starting his little adventure in late February when the demand for gas and oil would be just beginning it’s seasonal drop. It gives the Europeans plenty of time to switch to alternate sources.

    1
  48. Kathy says:

    @JohnSF:

    This is very significant.

    There is controversy about why the USSR collapsed, specifically why it collapsed when it did.

    One school of thought lays the credit on the feet of St. Ronald of Reagan, who increased military spending to a level the Soviets couldn’t match. Another maintains the crash of crude oil prices in the 80s left the Soviets very short on hard currency.

    I maintain it collapsed because it was a repressive regime with a terrible economic system, which nonetheless claimed to be the bestest country in all of history. But both factors noted above might have contributed a great deal. The collapse of an empire doesn’t only have one cause.

    So, if a shortage of foreign exchange hurt the USSR badly enough to edge it into collapse, among other factors, then it won’t do much for Putin’s empire either.

    I don’t say Mad Vlad’s empire will collapse, much less that it will do do shortly. Other circumstances are different. For one thing, Russia has a better economic system now, though the repression is catching up (if it ever left). But losing oil revenue in hard currency will hurt him.

  49. Michael Cain says:

    @JohnSF:
    Not all refineries are set up to handle all kinds of crude oil efficiently. Changing the setup can be expensive, both time and money. Eg, the ban on Russian crude imports to the US will hit Valero harder than most other US refiners because Valero made a big bet some years back on specializing in heavy sour crude. First Venezuelan, then one of the Russian grades. To replace the Russian imports, they need to find not just volume, but volume of the right kinds of crude.

  50. Kathy says:

    Yesterday I spent half the morning formatting a very difficult document in WORD, which was to serve as a template for a further 8 documents for a like number of proposals we need to present in short order. I then spent the time until lunch with a bunch of related stuff.

    After lunch, the file I labored over during the morning was gone from the file server. The server backup didn’t catch it, either. I know strange things happen in servers, but odds are someone deleted it, probably inadvertently.

    I had to do it over, and then I had to sit through a 15 minute lecture by a manager on why it’s not proper to name the second iteration of the file “DELETE THIS FILE AND I WILL KILL YOU appendix A template”.

    2
  51. JohnSF says:

    @Michael Cain:
    Norway produces at least some heavy sour oils in the same general bracket as the Volga-Urals mix from Druzhba, IIRC.
    Under EU emergency legislation they could be diverted from out-of-EU markets (if any) to in-EU use.
    Whether the numbers add up, dunno.
    German analysts seem to think so.

  52. JohnSF says:

    @Michael Cain:
    @JohnSF:
    A quick check on some sources and back of envelope calculations.
    Schwedt runs at about 200,000 bpd, Norwegian production c.2 million bpd.
    Only a minority of Norwegian is medium to heavy sour, but China alone currently gets around 100,000 bpd from the Sverdrop medium/heavy sour output, and field total is around 400 k bpd.
    Looks like the Germans have reasons for their confidence in this matter.

    If EU invokes emergency measures, China may be rather pissed off, though.
    Lesson for Xi: Putin pandering may have unfortunate unexpected side effects.
    C’est la guerre.

  53. Just nutha says:

    @Kathy: I dunno. Seems reasonable to me!

    1
  54. Kathy says:

    @Just nutha:

    I know, right?

  55. Kurtz says:

    Oh, the irony. Rufo is threatening to sue because someone misquoted him.

    His rise to prominence was built completely on deleting words in quotes, rearranging things, and imputing motives that aren’t there. Oh, and Weingarten’s assertion about Rufo’s goal is far more accurate than Rufo’s assessment of the goals of CRT.

    1
  56. Jax says:

    @Kurtz: If only someone would sue Rufo…..

    1
  57. wr says:

    @Sleeping Dog: “Yes, young Madison is not popular and in corners of the conservative world. There seems to be more active dislike for him than MTG or Brobert”

    Well, yes. Because he said that Republicans had coke orgies. If he’d said it was Nancy Pelosi snorting heroin off AOL’s ass. he’d be up for speaker.

  58. wr says:

    @wr: Um, that’s AOC’s ass. Not AOL.